Question

Carlos has $690,000 he wants to save. If the FDIC insurance limit per

depositor, per bank, is $250,000, which of these ways of distributing his
money between three banks will guarantee that all of his money is insured?
A. $230,000 in bank A, $240,000 in bank B, $220,000 in bank C
B. $200,000 in bank A, $220,000 in bank B, $270,000 in bank C
C. $230,000 in bank A, $260,000 in bank B, $200,000 in bank C
D. $200,000 in bank A, $200,000 in bank B, $290,000 in bank C

Answer 1

Answer: A: 230,000 + 240,000 + 220,000 = 690,000.



Step-by-step explanation:

The objective is to find which option reaches the amount he wants to save WITHOUT passing the 250,000. B has 270,000, C has 260,000, and D has 290,000. Sometimes i like to use the process of elimination. Instead of looking for the answer, maybe try looking for why they can’t be. That’s always helped me. I hope this helped!